BTC breaks through 91,000 USDT, the market signals behind the 7-day increase of 3.19%

According to the latest news, BTC has just broken through the 91,000 USDT psychological barrier, with the current price at 91,028.9 USDT. This is not only a psychological milestone but also reflects the recent strong performance of the Bitcoin market. Combining market data, BTC has risen 3.19% over the past 7 days, with a market share of 58.57%, indicating its dominant position in the crypto market is further strengthening.

Price Trend Behind the Breakthrough

Recent BTC price performance is worth noting. According to market data, BTC’s performance over different time periods is as follows:

From this data, it can be seen that although BTC has declined over the past 30 days, the upward momentum in the past week is obvious. This indicates that the market has recently formed a reversal, shifting from a decline to an increase. The 3.19% rise over 7 days may seem moderate, but in the crypto market, it already represents significant upward energy.

Consolidation of Market Position

More noteworthy is the data on BTC’s market share. Currently, BTC’s market capitalization has reached 1.81 trillion USD, accounting for 58.57% of the entire crypto market. What does this share imply? Simply put, BTC’s performance almost determines the direction of the entire crypto market. When BTC rises, the market usually follows; when BTC falls, other coins tend to drop even more sharply.

From this perspective, BTC breaking through 91,000 is not just about Bitcoin itself; it sends an important signal: mainstream market funds are flowing back into the most core assets.

Implications of Volume Changes

However, it is necessary to note that the 24-hour trading volume is 2.079 billion USD, down 55.20% compared to the previous day. This decline warrants consideration. On one hand, it may reflect market hesitation at this price level; on the other hand, it could also be a normal fluctuation in trading activity during the New Year holiday period.

A decrease in volume is often seen as a risk signal for upward movement because it suggests the breakout may lack sufficient trading support. But in the context of holidays, the significance of this signal should be discounted.

Long-term Supply Perspective

From the supply side, BTC’s circulating supply has reached 19,971,178, accounting for 95.10% of the maximum supply of 21,000,000. This means that BTC’s scarcity is fully reflected in the market. Less than 5% of unmined Bitcoin remains, which will continue to support BTC’s long-term scarcity premium.

Future Focus

Based on current data, BTC breaking through 91,000 is a positive signal, but the sustainability of this breakthrough requires further observation. The key is whether trading volume can recover and whether the price can hold steady at this level. If volume remains low, this breakthrough may only be a rebound rather than a trend reversal. Conversely, if volume can pick up, BTC may continue to explore higher levels.

Summary

BTC breaking through 91,000 USDT is a concrete reflection of the upward trend in the past week. Its market share of 58.57% indicates that BTC remains the absolute core of the crypto market, and its movement influences the overall situation. However, the decline in volume reminds us to stay cautious; this breakthrough needs volume confirmation to be more convincing. Overall, in the short term, BTC is in an upward channel, but whether it can break higher remains to be seen.